Sports Illustrated once estimated that 78 percent of NFL players are either bankrupt or under financial stress within two years of retirement, 60 percent of NBA players and a very large percentage of MLB players (4x that of the average U.S. citizen) file bankruptcy or are under financial stress within five years of retirement.
Gabby Delgado works to stop Professional Athletes from going under financial stress.
Let us help you find success!
Call today at (787) 550-7377
Most American families (63%) spend anywhere from $100 to $499 per child each month on youth sports, TD Ameritrade found. Another 18% fork over $500 to $999 monthly. Roughly one in 10 (11%) spend $1,000 to $1,999. On the high end, 8% said they spend $2,000 per month or more, or $24,000-plus per year.
All that spending on sports tightens budgets for other parts of their lives, the survey found, with 55% saying they “cut back on entertainment,” 40% saying they “take fewer vacations,” and 23% admitting they have “cutback on money set aside for retirement.”
Let us help you find success!
Call today at (787) 550-7377
Gabby Delgado works to stop Parents of Athletes from going under financial stress.
It's often said that more than half of new businesses fail during the first year. According to the Small Business Association (SBA), this isn't necessarily true. The SBA states that only 30% of new businesses fail during the first two years of being open, 50% during the first five years and 66% during the first 10.